Aumann AG, the German manufacturer of coil winding machinery and automation equipment, reports that nine months into its fiscal year business has fallen about 5% compared to the same period a year ago but the order books are still growing in its e-mobility segment. This follows an exceptional year in 2018 that was boosted by a whopping 72% revenue growth in its business in the e-mobility market and solid growth in Asia.
While its 200 million EUR in revenue for the first nine months of 2019 amounted to a decline company-wide, by contrast incoming orders in its e-mobility segment rose significantly higher to 88 million EUR. The segment put up incoming orders of 50 million EUR in the third quarter and secured a key new order from a renowned carmaker, the company said.
In 2018, Aumann’s total revenues rose by about 38% to 290 EUR for the year setting a record for the company. For the first time, more than 20% of order intake was generated in Asia reflecting the greater internationalization and broadening of the company’s customer base, said Rolf Beckhoff, CEO. Profitability increased 39%, at a rate even more than revenues, achieving a record level of 29 EUR.
At the time, Beckhoff said the company was expecting a moderation of 2018’s pace but still the outlook was for double-digit growth over the next five years including a slight rise in 2019 — which so far has not materialized. While growth in its traditional lines was expected to be less robust in 2019, it was counting on the momentum in E-mobility markets to more than compensate for this.
Aumann’s machinery for production of coils, electric motors and electromechanical assemblies, and its automated production lines are employed by automotive manufacturers and suppliers worldwide, especially now for series production of e-mobility vehicles using pure electric and hybrid electric drives, also in electrical equipment, electronics and industrial markets. Based in Beeler, the company has about 1,100 employees at locations in Germany, China and the US.
For more info see www.aumann.com.
